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The Central Bank of Nigeria have extended the bank verification number (BVN) exercise till 31st of October, 2015. This call was necessary so as not to disenfranchise millions of Nigerian customers of their right to do transactions related to the bank.
"It has come to our notice that the BVN registration has elicted tremendous interst from the Nigerian banks' customers who crowded the banking halls in order to beat the deadline," a circular signed by Dipo Fatokun, Director, Banking and Payments System Department says.
"Furthermore, there is the need to give Nigerian Banks' customers in diaspora ample time to enroll on the program," it added.
The statement said it has become imperative for the bank to extend the timeline for all bank customers to have the BVN following the developments.
"The deadline for enrolment is hereby extended from 30th June, 2015 to 31st October, 2015. This extension is expected to facilitate a smooth completion of the registration exercise." it said.
The guideline for their enrolment is being finalised and will be released soon, it added.
"It has come to our notice that the BVN registration has elicted tremendous interst from the Nigerian banks' customers who crowded the banking halls in order to beat the deadline," a circular signed by Dipo Fatokun, Director, Banking and Payments System Department says.
"Furthermore, there is the need to give Nigerian Banks' customers in diaspora ample time to enroll on the program," it added.
The statement said it has become imperative for the bank to extend the timeline for all bank customers to have the BVN following the developments.
"The deadline for enrolment is hereby extended from 30th June, 2015 to 31st October, 2015. This extension is expected to facilitate a smooth completion of the registration exercise." it said.
The guideline for their enrolment is being finalised and will be released soon, it added.
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